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Tanker Shipping: Freight rates back at loss-making levels after 12 very profitable months

Overview A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil production and demand sets in across the globe. MARKET ANALYSIS TANKER Only China bucks this trend with record-high crude oil imports, benefiting from the low oil price. Given the global recession and lower ...

WP_Post Object ( [ID] => 230597 [post_author] => 78 [post_date] => 2020-09-08 21:00:58 [post_date_gmt] => 2020-09-08 21:00:58 [post_content] => Overview A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil production and demand sets in across the globe. MARKET ANALYSIS TANKER Only China bucks this trend with record-high crude oil imports, benefiting from the low oil price. Given the global recession and lower ... [post_title] => Tanker Shipping: Freight rates back at loss-making levels after 12 very profitable months [post_excerpt] => Overview A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil production and demand sets in across the globe. MARKET ANALYSIS TANKER Only China bucks this trend with record-high crude... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => tanker-shipping-freight-rates-back-at-loss-making-levels-after-12-very-profitable-months [to_ping] => [pinged] => [post_modified] => 2020-09-08 21:00:58 [post_modified_gmt] => 2020-09-08 21:00:58 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=832031 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )